Markets in Tokyo were shut for a holiday. But the yen saw early gains following reports that Bank of Japan Gov. Haruhiko Kuroda will be reappointed for another term. This likely means easy money policies won’t end soon, said Greg McKenna, chief market strategist at forex broker AxiTrader.

“The factions within the BOJ who have been talking about a change in the policy are not yet in the ascendancy,” he added.

Elsewhere, Singapore’s stock benchmark was barely in positive territory as Singapore Exchange slumped 7% to a one-year low. India’s three main stock exchanges moved to stop licensing market data for offshore derivatives products linked to Indian stock indexes.